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Blockchain Job Market Ripe for the Tech Savvy
There was a lot of talk in 2017 about making big money in cryptocurrency but for the next generation looking at crypto markets, the money may be in Blockchain related jobs.
Demand for crypto workers is huge
While speculators and investors may be at odds about the future of digital currencies like Bitcoin and Ethereum what everyone seems to agree on is that the underlying Blockchain technology is going to be a game changer across the board.
Young, tech-savvy job seekers looking at the crypto job market should be enthused by the amount of opportunity to get into what is potentially the career slot of the future. As the industry is still in its infancy demand is high and competition is low for crypto-related jobs.
A quick search on Monster.com for positions with the keyword ‘Blockchain’ in the title got 748 hits while the job site Indeed reported an increase of 621% in job listings that contained the keywords ‘Blockchain’, ‘Bitcoin’ or ‘cryptocurrency’ in since November 2015.
International Business Machines (IBM) alone has 362 job offerings posted on Monster.com tagged with the keyword ‘Blockchain’. Other well-known names such as Uber, Capitol One, GIECO, and eBay are also on the search for applicants with crypto skill sets.
As the technology develops job opportunities will increase
Blockchain related jobs involving every aspect of utilizing the technology from design and engineering through to sales and marketing are already searching for applicants.
As the technology develops jobs not yet defined will evolve and those who already have a working knowledge of the technology will benefit. These jobs maybe managing currencies already in existence, creating new ones (ICO’s) or implementing the blockchain into other industries such as logistics.
Many of the people filling these positions will be transitioning from related fields. Others may come from having a private interest in trading cryptocurrencies or running their own mining operations but some will have come from university programs developing in schools around the world. Universities in the US such as UC Berkeley, MIT, and Cornell all have blockchain programs in development and classes that regularly fill their largest lecture halls.
“cryptocurrency and blockchain markets could eventually be a $10-trillion business. The engineers and other business leaders building that market will likely get their fair share of that value themselves.”
Said RBC Capital Markets analyst Mitch Steves.
Today the average salary for a Blockchain developer is around $80,000 while for a principal engineer it can be as much as 150,000 according to MSN Money.
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Cardano Price Technical Analysis – ADA/USD Eyeing Further Gains
Key Highlights
- ADA price is forming a major support base near the $0.3100 level against the US Dollar (tethered).
- The ADA/USD pair is currently moving above a major bearish trend line with resistance at $0.3630 on the hourly chart (data feed via Bittrex).
- The pair may gain upside momentum towards $0.4000 if the recent trend line break is true.
Cardano price is placed nicely in a positive zone against the US Dollar and Bitcoin. ADA/USD could gain upside momentum towards $0.4000 in the near term.
Cardano Price Trend
There were many tests recently of the $0.3000 support in ADA price against the US Dollar. However, sellers were not able to move the price below the $0.3000 support. It seems like a decent support base is forming around the $0.3000 and $0.3100 levels. As long as the price is above the $0.3000 level, it could rise in the near term. At present, the price is attempting to settle above the 23.6% Fib retracement level of the last drop from the $0.4380 high to $0.3100 swing low.
Moreover, the ADA/USD pair is currently moving above a major bearish trend line with resistance at $0.3630 on the hourly chart. If the pair succeeds in settling above $0.3700, there could be further upsides toward $0.4000. An intermediate resistance is around the 50% Fib retracement level of the last drop from the $0.4380 high to $0.3100 swing low. Above the mentioned $0.4000, the price could even test the last swing high of $0.4380, which is a crucial resistance level.
The overall price action is positive above the $0.3000 support. Below $0.3000, the price could move into the bearish zone. On the upside, the price may struggle to gain substantial momentum above the $0.4000 level.
Hourly MACD – The MACD for ADA/USD is slightly gaining pace in the bullish zone.
Hourly RSI – The RSI for ADA/USD has just moved above the 50 level.
Major Support Level – $0.3000
Major Resistance Level – $0.4000
Charts courtesy – Cryptowat, Bittrex
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Bitcoin Marketplace Paxful Builds School For Students in Rwanda
Paxful, the peer-to-peer bitcoin marketplace that enables its users to purchase and sell bitcoin instantly, has funded the construction of a school for young students in Rwanda.
Located in Kasebigege Village in the Bugesera District of Rwanda, Paxful’s bitcoin-funded school will serve children aged from 3 to 6 in a town with over 7,500 residents. The school has three classrooms, four restrooms, irrigation system, and a 35,000-liter water tank, providing a stable source of water supply for both the students and local residents.
By contributing $50,000 in bitcoin, Paxful contributed to the Education is Life project and Water Well project, building schools and providing a better ecosystem in partnership with Zam Zam, a non-profit organization that focuses on helping students and families in Afghanistan, Gaza, and Rwanda.
“Paxful cares about corporate responsibility, and they believe that positive things can happen through Bitcoin. The Education is Life project is not only a model for what can be built with Bitcoin, but is a model for how we create and sustain successful corporate partnerships,” said the Zam Zam team.
Last month, CNBC featured a documentary covering the efforts of the Paxful team building a school in Rwanda using bitcoin as the primary source of funds. The Paxful team intends to fund more schools and infrastructures in Africa in the future, with donations raised from the cryptocurrency community with bitcoin.
“One of our key goals is to bring financial inclusion to the underbanked, via bitcoin. #BuiltwithBitcoin is the next logical step. Now we are not only helping those in emerging economies meet their day-to-day financial needs; through our work with Zam Zam, we are also making a real and lasting difference in their communities. We hope that others in the cryptocurrency scene will join this important venture,” said Ray Youssef, Paxful CEO and co-founder.
Last year, in December 2017, Ethereum co-founder Vitalik Buterin expressed his concerns over the valuation of the cryptocurrency market and whether the community has done enough to support the global financial system, bank the unbanked, and assist individuals in third world economies with blockchain technology.
“How many unbanked people have we banked? How much censorship-resistant commerce for the common people have we enabled? How many Venezuelans have actually been protected by us from hyperinflation? The answer to all of these questions is definitely not zero, and in some cases it’s quite significant. But not enough to say it’s $0.5T levels of significant. Not enough,” said Buterin.
In regions like Rwanda, wherein the majority of individuals struggle to obtain stable banking services due to poor financial infrastructure, decentralized cryptocurrencies like bitcoin allows anyone to freely transact and settle payments on a peer to peer basis.
As such, with bitcoin donations, even without the existence of an intermediary, projects led by non-profit organizations such as Zam Zam in partnership with Paxful can be funded.
Arthur Schaback, the co-founder and CTO at Paxful, emphasized that the company plans to continue demonstrating the impact a decentralized financial network can have on the entire world.
“We will continue to build and perfect this model so that the entire world can see what a real difference can be made with bitcoin. We take the same philosophy with our product and are building the Paxful wallet as the model financial services application for the entire world,” Schaback said.
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